IS my PM actually really qualified to declare that 2% is all I can get? I dunno, she's not giving me much hard data. TWO comps? That's not enough, at least back when I had a real estate sales license. Not enough for the tax assessor. She COULD go back into the records instead of just looking at recent closed leases. What about what's still on the market? What about last year's leases? Shes not DOING THE WORK !!!
As I said above, much more money after taxes by selling after she passes.
I need a PM to qualify tenants, show the property (I can't keep going back & forth to unlock the door!) and check the property more often than I could go down -- its an overnight stay ($) or an exhausting round trip. I don't have a list of all the different kinds of contractors I may have to call & who can get there "now." A PM company has that on call AND shows up to check their work before they get paid.
WRT window improvements -- a company selling interior storms (plexi pane with silicone rubber gasket, laser fitted & pressed in) tested 20% energy reduction. But at $24/sq ft, still very expensive, as much as good grade exterior storms.
This Old House says single pane + good exterior storms are as good as double pane. And last longer.
Best website ever -- shows SCIENTIFIC TEST DATA for all window types, given type of exposure, and cost savings state by state, for heating & cooling:
**********
https://www.efficientwindows.org/ex...ngType=overhangs&houseType=2story&prodType=WN
***********
Going from a single pane, non-metal window to a 2-pane, saves $100 a year in Wash DC.
The best type of 3 pane E-glass saves $307.
At $500 a window x16, breakeven period is MANY decades.
Rule of thumb if selling is you only get 75% of your cost back (if its new enough).
BUT counting inflation : 10 years of 2% inflation is 0.98 ^10 = 81%
then x 75% = 61% real dollars recovered.
Versus putting the money into equities that average 4-6% real a year.
OTOH it might help the sale to install them after I inherit -- when its still a rental. Then I can depreciate it from my basis, recapture would be a wash, (I think ?) but I could add it all to the asking price.
That is, if its true that people would rather buy a refurbished house than do the refurb themselves. I don't understand why you would NOT buy a fixer-upper so everything is exactly the way you want. But I presume it has to do with being able to get mortgage money rates vs higher home improvement rates?
I want to know what % of the single family housing stock, of our size, is 60, 40, 20, 10 years old, so I know how much of the competition is significantly newer.